The Vodean pound (symbol: £; code: VDP) (Beha: Pan Vodea) is the currency of Vodeo. Within Vodeo, it is almost always abbreviated with the pound sign (£), with V£ sometimes used to distinguish it from other pound-denominated currencies. Unlike most world currencies, the pound is not decimalised - one pound is comprised of twenty shillings, each of which is made up of twelve pence; this is similar to the currencies used in Aorangëa and New Ingerland. The Vodean pound is the second-most traded currency in Tarephia after the Latina pound, and is one of the world's highest-valued currencies, with one pound worth approximately 12.50 USD.
The pound is issued in coinage of 1d, 3d, 6d, 1s, 2s, 2/6, and 5s; banknotes are issued in denominations of 10s, £1, £2, £5, and £10. Pound coins and notes are issued by the Reserve Bank of Vodeo.
|St Austellian pound||St Austell||1732-1860|
Prior to their gaining independence from Ingerland in 1725, the colonies of Cambria and St Austell (and their predecessors) had used the currencies of their colonial powers - the Castellanese peso in Nuevo Taredo, the Rhysiog darnar in New Cambria, and the Ingerish taller in Cambria (and the subsequent colonies of St Austell and Avalon) after 1617. Following independence in 1725, the parliaments of both Cambria and St Austell proposed the establishment of new currencies in each nation, however in both countries the proposals were dismissed due to expenditure and inconvenience. This changed in 1729 when the establishment of the Cambrian monarchy necessitated the creation of coinage that bore the profile of King Albert rather than that of the Ingerish monarch; the Cambrian taller was introduced in early 1730, and completely replaced the Ingerish taller on 31 December that year, the fifth anniversary of Cambria's declaration of independence. Ingerish tallers were exchanged for their Cambrian equivalent at a 1:1 ratio.
Despite Cambria's adoption of a new currency, St Austell initially refused to replace the taller as, being the currency of a major Ulethan colonial power, it was one of the most widely-used currencies in the world. However in 1731 the St Austellian parliament voted to replace the taller with the pound; when it was introduced the following year, one pound was established as the same value as two tallers. In 1757 the taller was changed to the Cambrian pound to bring the currency into line with St Austell, and in 1803 was revalued to reach parity with the St Austellian pound.
With the rise of pan-Vodeanism from the 1830s onward, the subject of a Cambrian-St Austellian merger became increasingly important. By the 1850s, Holme and Saviso had begun discussing a potential merger; however, as the two used separate currencies, the question of which currency to use after merging became important. At the Vodean Conference in 1858 the two nations had agreed to use each other's currency until such time as a new currency could be created; this was completed with the introduction of the first notes and coins of the Vodean pound on 1 December 1861. The new pound was adopted faster than had been expected, and as a result the Cambrian and St Austellian currencies were withdrawn from circulation on 31 July 1862, five months ahead of schedule.
Penny and shilling coins have been minted in Vodeo since the early 18th century. In addition to the coins in current use, farthing (¼d), and half-penny (½d) coins were also issued, but these were withdrawn from circulation in 1979 and demonetised in 2002.
|Farthing (¼d)||1861||Withdrawn in 1979|
|Half penny (½d)||Withdrawn in 1979|
|Half crown (2/6)|
The 10s through £5 notes are the most commonly seen, with the £10 and £50 mostly used in banking and for very large transactions. Since 1916, pound notes have depicted notable Vodean people, places, and events on the obverse and flora, fauna, and scenery on the reverse. While notes have been issued in varying colours since 1890, notes issued since 1949 have used the same colour scheme: blue (10s), red (£1), green (£2), gold (£5), and purple (£10).
|Image||Value||Main color||Description||Date of issue||Comments|
|£1||Red||Queen Adelaide II, HMS Piper||Since 1916, the pound note has traditionally depicted a sailing ship in reference to Vodeo's nautical history.|
|£10||Purple||Queen Adelaide I|
Decimalisation was first proposed in Cambria in 1796, and the subject has been raised numerous times in the years since. In 1958 a government committee was set up to investigate decimalisation, however public opinion was against the proposal and it was abandoned in 1959. The issue was raised again in 1985, and in 1988 the Federal government of Otto van Helsing announced its intention to begin the process of decimalisation by 1990; however the government lost the 1989 election, and the subsequent Liberal government showed little interest in decimalisation. Although Federal returned to government following the 1992 election, no serious proposals to reform the pound were made.
Decimalisation returned to the government's attention in 2015 when the Federal government of Victoria Stobie announced it would investigate decimalisation. A review published in 2016 recommended two options: 1:100 decimalisation as used in most other countries, or a special 1/10/10 system reflective of popular support for the penny and the shilling; the latter would revalue the penny and shilling whereby one pound would be comprised of ten shillings, each of which would comprise ten pence - thereby making 100 pence equal to one pound. The issue is scheduled to be put to a referendum held at the same time as the next general election, which is expected to occur in October 2019.